Some of the questions in this thread made me wonder how well the aperture markings on a typical enlarging lens translate into different light intensity at the print.
I did the following experiment to determine the accuracy of the aperture calibrations on my 50mm f/2.8N EL Nikkor.
I installed the lens on my Beseler 23CII condenser enlarger and set my Minolta Flashmeter IV onto the baseboard at the center of the projected lightno negative.
The meter was set to 2 seconds and ASA 1000. I adjusted the elevation until the meter read exactly f/45 with the lens set to f/2.8.
By taking readings at each stop on the lens I got the following as: lens aperture, meter reading
f/2.8, f/45 + 0.0
f/4, f/32 + 0.1
f/5.6, f/22 + 0.1
f/8, f/16 + 0.1
f/11, f/11 + 0.0
f/16, f/8 + 0.0
The aperture calibrations of this lens appear to produce reasonably accurate 1-stop differences in light intensity at the baseboard.